In The News Today

Posted at 7:12 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

We knew this was coming…and were laughed at. The ramifications will be no laughing matter!

China Will ‘Compel’ Saudi Arabia To Trade Oil In Yuan — And That’s Going To Affect The US Dollar
October 11, 2017

China will “compel” Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world’s reserve currency, a leading economist told CNBC on Monday.

Carl Weinberg, chief economist and managing director at High Frequency Economics, said Beijing stands to become the most dominant global player in oil demand since China usurped the U.S. as the “biggest oil importer on the planet.”

Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf U.S. demand,” Weinberg said.

“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them.”

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Bill Holter’s Commentary

What a sad story on so many levels. Sad that anyone would “sell” themselves to protest and sad anyone would feel the need to “buy” protesters. I guess now we know why people show up to protest ridiculous causes? As they always say…follow the money!

California Company That Hires Protesters Is Accused Of Extortion
October 22, 2018

Paid protesters are real.

Crowds on Demand, a Beverly Hills company that’s an outspoken player in the business of hiring protesters, boasts on its website that it provides its clients with “protests, rallies, flash-mobs, paparazzi events and other inventive PR stunts. … We provide everything including the people, the materials and even the ideas.”

But according to a lawsuit filed by a Czech investor, Crowds on Demand also takes on more sordid assignments. Zdenek Bakala claims the company has been used to run an extortion campaign against him.

Bakala has accused Prague investment manager Pavol Krupa of hiring Crowds on Demand to pay protesters to march near his home in Hilton Head, S.C., and to call and send emails to the Aspen Institute and Dartmouth College, where Bakala is on advisory boards, urging them to cut ties to him. Bakala alleges that Krupa has threatened to continue and expand the campaign unless Bakala pays him $23 million.

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Jim Sinclair’s Commentary

Mr. Williams’s Commentary:

– FOMC Discussions of Raising Rates to Restrictive Levels Are After the Fact; Higher Rates Already Are Pummeling Near-Term Economic Prospects and Threatening Financial-System Stability in this Still-Experimental and Unresolved Post-2007/2008-Crisis Environment
– Oil-Price Driven Inflation Does Not Reflect an Overheating Economy; It Hurts Consumer Liquidity Just as Much as Federal Reserve Rate Hikes
– Faltering Consumer Liquidity Clobbered September 2018 Retail Sales and New Residential Construction
– Real Annual Retail Sales Growth Slowed in a Manner Most Commonly Seen at the Onset of a New Recession
– Building Permits, Housing Starts and Home Sales Just Entered What Could Be Considered a New Recession
– Third-Quarter Permits and Starts Fell in Consecutive Quarterly Contractions; Existing-Home Sales Declined in a Third Consecutive Quarterly Contraction; All Key Residential Series Are in Deepening Six-Month Downtrends
– Minimal Monthly Growth in September Consumer Goods Production Came Entirely from Downside Revisions to August Activity
– With No End in Sight, September 2018 Manufacturing Remained Shy by 4.8% (-4.8%) of Recovering Its December 2007 Pre-Recession Peak
– The 129 Straight Months (43 Straight Quarters) of Economic Non-Expansion in U.S. Manufacturing Is the Longest Such Period in the 100-Year History of the Series
– Mixed Data Distortions/Disruptions from the Hurricanes of 2018 and 2017

“No. 975: September Retail Sales, Production, Freight, Housing Starts, Hurricanes and FOMC”
www.shadowstats.com